Expect The Media Coverage Of Coronavirus To Change Completely
Over the past few weeks, the news regarding the coronavirus was awful. If one believed the media, we are all going to die.
The coronavirus is legitimate in that certain people are at risk. Like most viruses, it has the ability to kill. There is the likelihood that it is worse than some of the strains we see.
However, the idea of shutting down the global economy over something like this is absurd. Even now, the numbers simply do not match with the fear being spread.
Naturally, we can see how the media is a complicit actor in this. They promote the idea of sensationalism to the nth degree. It is sad to see since so many people buy into what they are told.
The powers that are will naturally say their measures were what protected everyone. In other words, if it was not for them, the entire planet would be wiped out.
That said, we can expect the media to do a reversal. While there are groups that have an agenda throughout this, we see another group that is about to take action.
Senior management at media companies are now about to unleash their agenda. After weeks of doom and gloom, they are starting to realize the impact of their over zealous message.
Media companies basically rely on advertising for their revenues. This becomes a problem when the global economy collapses and those that normally do the advertising suddenly tighten the wallets. You can bet the ranch these senior managers are starting to wake up to the fact.
Here is an article from the Los Angeles Times putting out there idea that perhaps this is not going to be so bad after all.
Michael Levitt, a Nobel laureate and Stanford biophysicist, began analyzing the number of COVID-19 cases worldwide in January and correctly calculated that China would get through the worst of its coronavirus outbreak long before many health experts had predicted. Now he foresees a similar outcome in the United States and the rest of the world.
Why this Nobel laureate predicts a quicker coronavirus recovery: ‘We’re going to be fine’
Why did the Los Angeles Times run this story? Is it to ensure accurate reporting? Not likely.
Senior management probably saw the reduction in ad revenue and got scared. After all, with car sales falling off a cliff, how many dealerships in the Los Angeles area were lining up to run Sunday ads in the L.A. Times? This sector traditionally advertises in the local papers yet, with things on lockdown, I am sure dealer principles are cutting all costs.
Since the beginning, I thought the panic surrounding the coronavirus was worse than the disease itself. Now I am firmly convinced the death totals will be less than many seasonal virus that we see.
Because of this, we are going to see unemployment skyrocket, defaults going through the roof, and small businesses all over the world going under. There is a chance we avoid a depression but it is likely going to be as close as we get since the Great Depression.
Sometimes, the cure is certainly worse than the disease.
In this case, I would expect a lot of media outlets to go under by the end of the year. The traditional media outlets were having a tough time going into this. Remove a large percentage of advertising revenue and you are going to see things change very quickly.
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Posted via Steemleo
I have more neighbors home than usual. Today the neighbor from across came home from work at 9am. He is laid off. He picked up his last check and doesn't know how long it is going to last.
Like @edicted mentioned, we haven't even missed our first paycheck yet...
This is not cool!
The disease kills many people and spread easily. No one wants to get pneumonia, and maybe we will have control more rapidly than they think!